New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-10-26

Net foreign capital invested .Sloa.o3Joh
The correct figures arc sufficiently pleasing TO need no
exaccer1.on and the correction dstracts nothing from
the argument drawn from the erroneous deductions
Together with the nine roads reporting to-day Twelve
railroads now reported their earnings Tor the
third week October The aggregate earnings OF inc
twelve roads the week OF this year are sl132s23
against 81 493 76f In the week OF last year-a gam OF
S239O64 per cent The list includes roads 10 every
section OF the country and not one OF the twelve fs -
report some gain. And yet Chicago "6ear5 DO not ue
OF repeating the DID, old stories OF the last six months OF
cut rates and demoralized traffic To-day they were
more than usually profuse with their sensational te'e
grams to Wall Street news agencies Bnt
one Chicago "bul" got In one telegram ABOUT
as ridiculous anything the bears nave Deeh
able to do Kernans News Agency sent out the ioIo"
Ing: especial Chicago St Paul railroad people say
that earnings are going to increase largely for some
weeks now They say that the corn belt In Northern
Iowa. which the St. Paul travsrses happens to be the
best corn anywhere and 20 per cent larger than last
year The loadngs insure large earnings for next week
also" We do doubt that the Chicago Milwaukee ana
St. Paul Company will show weekly gains In the earn
ings from this time out, bur 1t will not Immediately 80
because that good corn" which will not begin 10
move till December Is or January l.
II was another duh day in the stock Exchange.
total transactions In stocks amounted only to 223o13
shares against 2523si shares yesterday Ana III 'he
smaller business Of to-day taken In connection with the
poiat OF some significance We wrote last evening
that advantage was taken or Yesterdays du!sess
mark prices and that the bears again put out
their shorts" from to per cent lower than they
were made TO break prices aided by fool or chicago
kilograms about dreadful condition OF the nnber
trade and the continued cutting OF ra,ss lot
freight and passengers by the Western railroads ana
tho unusually large shipments Eastwardast week ~ the
trunk lines used as evidence that they 100 were
sashing rates IL used TO he regarded CHESTNUT 10
say sell stock. on rampant market ana oy tne on
leading to sell stocks and bonds wheh tbe
labor manufacture and circulate depressing news %
requires force equal TO that employel on any ia.
dozen ewspapers Ia the country. Well they sOid beih
Yesterday and few more this morning, but wheh vac
supply OF phsntoEs was exhausted the market
stopped, and operators $1,000 iooSing q. on. y,
another And then the prices OF phantorns beam 10
advance Among tho traders now II makes no dlner
encs whether one Is " bull " or bear ~; III ne IS
bull" he Il simply long" Of phantom stock which
az profit or a loss the bear" purchaser cancels tho
stock That to days STOCK market ami
Yesterdays sellers made little progress, IN canCeiln3 yes
terdays and additional issues The day was duIer
20 IL something besides dnness that turns tue Stock
tXchauge ntO "A circus Thai comes when prices are
going the way the majority wish them to go Today
there more long faces than smiling ones 70 DC
particularly noticeable some OF the beard room
leaders stocks In poor delivery but that can
accounted for only bv the neglect OF Yesterday SOIL
their requirements because there - nor nor
has not been ny lock stock mp II an outside
purch Of 100 900 shares requires mat MS stock
he tak1u up delivered TO him. he paying FOR u IN tu
the broker alternative except 70 exact the delivery
from the seller ThIt all that has occurred 10 create
stocks Prices a. fhc close were mateilay
higher than last evening. and generally higher than yes
trily morning and thc market closet quot anu strong
tor the Is AMI i2s per cent higher Annexed are The
closing quotations: